Metropolis Healthcare Ltd News
Stocks to Watch: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur_66267
Stocks to Watch Today: Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results.
 "Stocks to Watch: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur_66267")
Amazon, Flipkart in talks to buy stake in $1 bn diagnostic chain Metropolis_64850
Metropolis runs more than 3,000 diagnostics centers as well as pathology laboratories in India and Africa
 "Amazon, Flipkart in talks to buy stake in $1 bn diagnostic chain Metropolis_64850")
Metropolis Healthcare plunges 23% in two days on disappointing Q3 results_33025
In Q4FY22, the company expects better profitability on account of higher QoQ volumes from large government contract and benefits of investments in digitization and marketing.
 "Metropolis Healthcare plunges 23% in two days on disappointing Q3 results_33025")
Metropolis Healthcare net profit dips 30% to Rs 41 cr in December quarter_31262
Metropolis Healthcare on Friday said its net profit declined 29.69 per cent to Rs 41.2 crore for the third quarter ended December 31, 2021. The diagnostics chain had reported a net profit of Rs 58.6 core in the same period of previous fiscal. Revenues, however, increased to Rs 293.1 crore in the period under review as against Rs 274.7 crore in the same period of 2020-21 fiscal, Metropolis Healthcare said in a statement. "We have been able to grow our non-COVID revenue despite a sharp drop in volumes from a government contract. We have made increased investments in digital and marketing, manpower & customer experience initiatives in order to strengthen our brand. This has impacted margins which we believe is a short-term phenomenon," Metropolis Healthcare Promoter and Managing Director Ameera Shah noted. The company has been able to successfully complete the acquisition of Hitech Diagnostics during the third quarter which will enable it to scale up business, improve the B2C revenue
